Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.



Renault taps interim chairman, COO to replace Ghosn - sources

Renault taps interim chairman, COO to replace Ghosn - sources
Philippe Lagayette, Senior Independent Director and Chairman of Accounts & Audit Committee, attends a general assembly meeting with stock holders in Paris, France, April 29, 2011. Picture taken April 29, 2011. REUTERS/Charles Platiau -
Text size Aa Aa

PARIS (Reuters) - French carmaker Renault's <RENA.PA> board named an interim chairman and handed new powers to its chief operating officer to replace embattled boss Carlos Ghosn following his arrest in Japan on suspicion of financial misconduct, sources said.

Philippe Lagayette, the board's highest-ranked independent director, will take over temporarily as chairman, the sources said. Chief Operating Officer Thierry Bollore, Ghosn's second-in-command, will take on full company officer powers.

At a Tuesday meeting, the board refrained from ousting Ghosn, the chairman and chief executive, while it awaits more information on accusations that emerged from an internal investigation by alliance partner Nissan <7201.T>, the sources said.

A Renault spokesman did not immediately respond to requests for comment.

(Reporting by Laurence Frost and Gilles Guillaume; Editing by Bate Felix)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.